Condos for Rent in Mimico, Etobicoke, ON

Name: HOMEH Market Pulse — Mimico, Etobicoke closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Etobicoke

Mimico

family-friendly community-oriented urban diverse

Mimico is a vibrant neighbourhood in Etobicoke. It offers a mix of residential and recreational spaces near Lake Ontario.

Close to Lake Ontario Good schools and parks Diverse community Variety of housing options Accessible transit

Mimico, Etobicoke — HOMEH neighbourhood guide

Etobicoke, Ontario

Day to dayLivability

7.1

Schools near listings

out of 10 · averaged over 8,399 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$699,000

13% below Etobicoke 3% below Ontario

In Mimico

$699,000

In Etobicoke

$799,000

In Ontario

$717,000

Median monthly rent

$2,550/mo

2% above Etobicoke 2% above Ontario

In Mimico

$2,550

In Etobicoke

$2,488

In Ontario

$2,500

$727

Per square foot

≈ 22.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

312

Median $699,000

Condos 274 · Houses 38

For rent

197

Median $2,550

Condos 144 · Houses 53

Recently sold

Recently leased

Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable housing compared to city median
Strong community feel
Good schools rated 7.1
Many parks and recreational areas
Diverse dining options

Keep in mind

Higher renter strain at 41.1%
Limited secondary schools
Traffic congestion during peak hours

The feel of the placeLifestyle

Daily life in Mimico is relaxed with a focus on community and outdoor activities. Residents enjoy easy access to parks and the waterfront.

Great for first-time buyers families young professionals

Within the boundaryWhat's nearby

The boundary

6.6 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 6.6 km² of Mimico. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.2/10

Average rating of the 2 rated schools in this area

Elementary

John English Junior Middle School
Public · Grades JK–8 · Toronto DSB
7.1/107.4 over 5 yrs
808th of 3,045 Ontario elementary schools
795 students · EQAO 2024-2025
St Leo Catholic School
Catholic · Grades JK–8 · Toronto CDSB
5.3/106.4 over 5 yrs
2,037th of 3,045 Ontario elementary schools
405 students · EQAO 2024-2025
David Hornell Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
230 students · EQAO 2024-2025
George R Gauld Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
250 students · EQAO 2024-2025
Mildenhall School, the
Independent
Not rated
Oak Learners
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Mimico, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

40,840

Population (2021)

7.0 km²

Area

5,867

People per km²

40.8

Median age

$89,540

Median income

54%

Own their home

People per household

21,210

Households

Every age

Children (under 15)10.1%
Working age (15–64)74.3%
Seniors (65+)15.7%

What is built here

Detached houses11.1%
Semi-detached1.3%
Townhouses4.3%
Duplexes1.6%
Low-rise apartments15.4%
High-rise apartments66.2%

Own or rent

54%Owners

46%Renters

Across 21,210 households

When it was built

1960 or earlier19%
1961–198015%
1981–19907%
1991–200010%
2001–20057%
2006–20107%
2011–201517%
2016–202118%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

43.6%
Born outside Canada: 46.7%
Hold a degree or higher: 62.8%
Employment rate: 19.6%
Commute by transit: 71.8%
Commute by car: 1.4
Children per family: $76,410
Median income after tax: $113,899
Average household income: 12.9%
Living on a low income: $1,736/mo
Renters pay, per month: $2,052/mo
Owners pay, per month: $841,824
Median home value at census: 41.1%
Renters spending 30%+ of income on housing: 27.1%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 34 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in Mimico actually rent for

1,582 condos were leased in Mimico over the 12 months to September 2026. Half leased above $2,568 and half below, 1.0% lower than the 12 months before. A typical condo found its tenant in 19 days.

Median rent: $2,568; -1.0% year over year
Days to lease: 19; Unchanged
Leases closed: 1,582; last 12 months
Rent per square foot: $3.87/mo; from 1,481 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$3,461$3,045$2,630$2,214

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 10.2%

From 1,582 leases that closed here in the last 12 months.

Rent or buy in Mimico

19.9 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$614,415

465 sales

Median rent

$2,568/mo

1,582 leases

Gross rental yield

5.02%

before costs

Both figures come from deals that actually closed in Mimico over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Mimico, rentals

Monthly closed leases in Mimico
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	109	$2,600	$2,350 – $3,100	14	100.0%
Aug 2026	141	$2,600	$2,450 – $3,100	14	100.0%
Jul 2026	144	$2,625	$2,300 – $3,000	16	100.0%
Jun 2026	117	$2,500	$2,300 – $3,000	15	100.0%
May 2026	146	$2,500	$2,350 – $3,000	14	100.0%
Apr 2026	162	$2,500	$2,300 – $3,000	21	100.0%
Mar 2026	170	$2,550	$2,300 – $2,950	21	100.0%
Feb 2026	106	$2,665	$2,350 – $3,188	21	100.0%
Jan 2026	106	$2,550	$2,300 – $2,888	26	100.0%
Dec 2025	100	$2,625	$2,300 – $2,910	27	100.0%
Nov 2025	121	$2,500	$2,300 – $2,950	22	100.0%
Oct 2025	160	$2,625	$2,400 – $3,000	20	100.0%
Sep 2025	149	$2,600	$2,388 – $2,999	20	100.0%
Aug 2025	174	$2,650	$2,400 – $3,000	17	100.0%
Jul 2025	191	$2,600	$2,350 – $3,075	19	100.0%
Jun 2025	176	$2,650	$2,400 – $3,100	20	100.0%
May 2025	170	$2,500	$2,300 – $2,895	17	100.0%
Apr 2025	154	$2,565	$2,350 – $3,000	18	100.0%
Mar 2025	184	$2,500	$2,399 – $2,950	15	100.0%
Feb 2025	98	$2,550	$2,350 – $3,000	20	100.0%
Jan 2025	109	$2,650	$2,400 – $3,100	22	100.0%
Dec 2024	95	$2,700	$2,400 – $3,125	21	100.0%
Nov 2024	105	$2,630	$2,400 – $3,000	17	100.0%
Oct 2024	119	$2,600	$2,450 – $3,175	20	100.0%
Sep 2024	120	$2,650	$2,500 – $3,200	22	100.0%
Aug 2024	189	$2,700	$2,500 – $3,050	27	100.0%
Jul 2024	160	$2,738	$2,500 – $3,100	33	100.0%
Jun 2024	152	$2,700	$2,500 – $3,100	36	100.0%
May 2024	149	$2,700	$2,500 – $3,000	37	100.0%
Apr 2024	130	$2,650	$2,450 – $3,000	36	100.0%
Mar 2024	60	$2,663	$2,500 – $2,900	37	100.0%
Feb 2024	55	$2,600	$2,470 – $3,100	28	100.0%
Jan 2024	36	$2,600	$2,500 – $3,338	24	100.0%
Dec 2023	32	$2,750	$2,438 – $3,125	24	100.0%
Nov 2023	46	$2,650	$2,512 – $2,988	14	100.0%
Oct 2023	58	$2,900	$2,600 – $3,375	15	100.0%

What people ask about Mimico

How much does a condo cost in Mimico?

Condos in Mimico sold for a median of $614,415 over the 12 months to September 2026, across 465 closed sales — half sold for more and half for less. That is 3.9% lower than the 12 months before it.

How long does it take to sell a condo in Mimico?

A condo in Mimico took a median of 34 days on the market over the 12 months to September 2026. Condos there closed at 96.7% of the asking price on average, with 9.2% selling over asking.

How much is rent for a condo in Mimico?

The median condo lease in Mimico closed at $2,568 a month over the 12 months to September 2026, across 1,582 leases.

Is it cheaper to rent or buy a condo in Mimico?

A condo in Mimico costs about 19.9 years of the rent on one — the median price of $614,415 against a median rent of $2,568 a month, a gross yield of 5.02%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Mimico on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.